London Does Not Need A Third Runway

London does not need a third runway but London Heathrow Airport (LHR) does. They have run out of runway capacity and the third runway should make the owners of Heathrow vast amounts of money. Bloomberg, a major global provider of financial news and information, called the third runway a licence to print money for the owners of Heathrow Airport.1 But who are the owners of Heathrow? London Heathrow Airport (LHR) was privatised as part of British Airports Authority (BAA) under Thatcher’s 1986 Airports Act. Subsequently, EU competition regulations oversaw the break-up of the old BAA, and Heathrow Airport is now…

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